Mutual fund folio count increases 28.70% if FY 18 to 7.13 crore
Apr 10 2018
News Category: Industry Update
According to the data from the Securities and Exchange Board of India (SEBI), the Indian mutual fund industry added 1.60 crore new folios in 2017-18. The total folios (across all categories) increased from 5.54 crore in Mar 2017 to 7.13 crore in Mar 2018, a growth of 28.70%, primarily due to healthy growth in retail equity folios. The total folio count of equity funds including ELSS went up by 1.27 crore, from 4.08 crore in Mar 2017 to 5.35 crore in Mar 2018.